B. Riley Has Negative Outlook for Lam Research Q2 Earnings

Lam Research Co. (NASDAQ:LRCX) – Research analysts at B. Riley cut their Q2 2025 EPS estimates for shares of Lam Research in a note issued to investors on Wednesday, October 23rd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of $0.84 per share for the quarter, down from their previous forecast of $0.86. B. Riley currently has a “Buy” rating and a $105.00 target price on the stock. The consensus estimate for Lam Research’s current full-year earnings is $3.52 per share.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 23rd. The semiconductor company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.06 billion. Lam Research had a return on equity of 48.71% and a net margin of 25.68%. The firm’s revenue was up 19.7% on a year-over-year basis. During the same period in the prior year, the firm posted $6.85 earnings per share.

LRCX has been the subject of several other research reports. StockNews.com lowered shares of Lam Research from a “buy” rating to a “hold” rating in a research report on Friday, October 11th. Needham & Company LLC reissued a “buy” rating and issued a $100.00 price objective on shares of Lam Research in a research report on Thursday. TD Cowen upped their target price on Lam Research from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $100.00 target price on shares of Lam Research in a research note on Thursday. Finally, Mizuho reduced their price target on Lam Research from $105.00 to $95.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.03.

Lam Research Trading Up 5.1 %

NASDAQ LRCX opened at $76.57 on Friday. The firm has a market capitalization of $10.01 billion, a price-to-earnings ratio of 2.82, a PEG ratio of 1.75 and a beta of 1.47. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.00 and a current ratio of 2.97. Lam Research has a one year low of $57.44 and a one year high of $113.00. The company’s 50 day moving average price is $79.60 and its 200 day moving average price is $89.94.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Diversify Advisory Services LLC acquired a new stake in shares of Lam Research during the 3rd quarter valued at approximately $25,964,000. Integrated Advisors Network LLC increased its stake in Lam Research by 413.0% during the third quarter. Integrated Advisors Network LLC now owns 6,582 shares of the semiconductor company’s stock valued at $5,372,000 after purchasing an additional 5,299 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in shares of Lam Research by 109.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 1,647 shares of the semiconductor company’s stock worth $1,348,000 after purchasing an additional 861 shares during the period. Orrstown Financial Services Inc. acquired a new stake in shares of Lam Research during the third quarter worth $646,000. Finally, Asahi Life Asset Management CO. LTD. bought a new position in shares of Lam Research in the 3rd quarter worth about $571,000. Institutional investors and hedge funds own 84.61% of the company’s stock.

Insider Activity

In related news, CAO Christina Correia sold 647 shares of Lam Research stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $817.51, for a total value of $528,928.97. Following the completion of the transaction, the chief accounting officer now directly owns 4,267 shares in the company, valued at approximately $3,488,315.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.32% of the company’s stock.

Lam Research Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 17th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Tuesday, September 17th. Lam Research’s payout ratio is currently 3.38%.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.